LAST MONDAY’S (04.04.2011) CLOSE WAS AT 5908.45 (+ 82.40 POINTS). THE DAY HIGH WAS 5918 AND LOW WAS 5833. WEEKLY HIGH IS AT 5918 AND THE WEEKLY LOW IS AT 5643.
5DMA=5818
20DMA=5576
50DMA=5507
200DMA=5705
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5860, 5840 AND 5810 LEVEL. RESISTANCE ARE AT 5924, 5955 AND 5990 LEVEL.
50DMA=5507
200DMA=5705
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5860, 5840 AND 5810 LEVEL. RESISTANCE ARE AT 5924, 5955 AND 5990 LEVEL.
5-DAY RSI AT 90 AND 14-DAY RSI AT 71 INDICATES NIFTY IS IN BULLISH ZONE AND ALMOST IN OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5950 FOR TARGET 5980/6000; STOPLOSS BELOW 5930.
SELL NIFTY FUTURE AROUND 5995 FOR TARGET 5970/5950; STOPLOSS ABOVE 6010
SELL NIFTY FUTURE BELOW 5912 FOR TARGET 5880/5860; STOPLOSS ABOVE 5935
BUY BANK NIFTY FUTURE ABOVE 11,910 FOR TARGET 11,970/11,990; STOPLOSS BELOW 11,865
SELL BANK NIFTY FUTURE BELOW 11,980 FOR TARGET 11,910/11,870; STOPLOSS ABOVE 12,010
